What type of coin collector are you?

The industry of coin collecting is huge and dynamic, with an estimated net worth of $5 billion in the United States alone. While many people would like to get their hands onto as many types of coins as they want, some enthusiasts have categorized themselves as a certain type of coin collector to have a great knowledge on which clubs they should be part of and which kinds of coin dealers they should find. 

Image source: coinsonline.com

Type collectors are the ones who choose to collect one example of every coin, denomination, metal, or design from a certain period. These collectors may decide to collect one of each coin from his or her chosen century. 

Error collectors look for coins that have minting errors. They keep an eye on coins that have been struck in parts, those that have not been struck at all, or coins that were clipped during the minting process. Many collectors and dealers focus their attention on coins with minting errors. 

Novelty collectors focus their attention on coins that have been altered—not struck, nor containing minting errors—but those that were made to honor a special occasion, place, event, or person.

Bullion collectors look for coins that have investment value. It’s safe to say that among the collectors, they are the ones who get the value for their money. The coins they collect are almost purely made of silver or gold. 

Topical collectors find pieces that have specific designs, depending on their interest. Options for these types of coins are endless. 

Modern collectors decide whether their collection focuses on modern coinage. Some consider modern coins that have been minted after the year 1900. 

Rare coin collectors are on the lookout for the rarest coins out there and are willing to spend a fortune in acquiring those. Rare coins can be acquired from a dealers or auction houses. The degree of rarity still depends on the collector, as some rare coins can be found in many collections. 

Image source: coinsonline.com

Sadigh Gallery in New York City specializes in the handling and selling of ancient art, artifacts, and coins from all over the world. The family-owned business focuses on providing affordable ancient antiquities and friendly, down-to-earth service. For more from Sadigh Gallery click here.

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